The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on November 24, 2025 for Arun Kumar Poddar

Ownership Changes View source PDF Explain this filing

CHOICEIN · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹779.50

prior close

₹781.10

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-0.0% vs market

Holding Company peers, median of 13sector+0.2%-0.1% vs sector

On the reaction day the stock moved in line with Nifty Smallcap 250 and 0.1 pts less than its Holding Company peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

+3.9+1.3+2.6+2.1+1.8

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UpDownMarket · Nifty Smallcap 250Sector · Holding Company peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Promoter Arun Kumar Poddar has disclosed creation of a pledge over 6,00,000 shares (0.28% of total share capital) of Choice International Ltd in favour of ICICI Bank, dated 14 November 2025. The pledge has been created as collateral security for a credit facility availed by a third party. Before this event, Mr. Poddar held nil encumbered shares; after this, 6,00,000 shares (0.28%) of his holding stand pledged. Separately, the disclosure also lists existing pledges by three other promoter-group entities totalling 1,61,57,000 shares (7.73% of share capital), bringing the aggregate promoter-group encumbrance to 8.01% post the new pledge.

Likely market impact

This is a relatively small pledge creation (just 0.28% of capital) by one promoter and is for a third party's borrowing rather than the company's own needs. It is not large enough to materially affect share price or raise default concerns, but investors may note that the promoter group's aggregate pledged shares now stand at 8.01% of capital.